[Domestic Iron Ore Brief Review] Iron Ore Concentrate Prices in West Liaoning Expected to Fluctuate at Highs

Published: Oct 28, 2025 17:08

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[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Fluctuate at Highs] This week, a miner in Shandong reported a price of 863 (down 11) for 64-grade alkaline powder on a dry basis, pre-tax, and acceptance-paid basis. Most mines maintained normal production, and steel mills actively purchased under long-term agreements, with no significant changes in blending ratios observed for now. Trading activity was robust. This week, although the fundamental supply strength and weak demand for imported ore constrained prices, positive external expectations remained.

The trading atmosphere in the domestic ore market in western Liaoning was sluggish. The current ex-factory price for 66% grade iron ore concentrates on a wet basis, excluding tax, was 750-760 yuan/mt. Mines and beneficiation plants showed a strong reluctance to budge on prices, but buyers remained cautious, mostly submitting low offers. Operations at active mines and beneficiation plants were largely normal, but inventory levels were mostly maintained at low levels, with many holding back goods and demanding higher prices. However, traders and steel mills primarily purchased as needed. Overall market transactions were relatively sluggish, but considering the recent strong performance of iron ore futures, local iron ore prices are expected to continue fluctuating at highs. [SMM Steel]

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